China central bank to reduce costs for small firms amid U.S. trade row

FAN Editor 6 years ago
FILE PHOTO: Headquarters of the PBOC, the central bank, is pictured in Beijing
FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo

May 17, 2019

HONG KONG (Reuters) – China’s central bank said on Friday it will help reduce financial costs for small enterprises as part of a wider effort to help companies weather a slowdown in the world’s second largest economy due to a trade row with the United States.

The People’s Bank of China (PBOC), the central bank, said in its first-quarter implementation report that it would also maintain a prudent monetary policy and fend off any systemic financial risks.

(Reporting by Lee Chyen Yee in Singapore and Meg Shen in Hong Kong; editing by Darren Schuettler)

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